Costs that have already been incurred and benefits that have already been received are sunk and irrelevant for decisions about the future.
Standard detail
4.
Benchmark
Depth 1Parent ID: 25E9304E35A64210B2B6699B3420E52FStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 4.
- List ID
- 4.
- Standard ID
- 294C3A32B0B84C3E995FBF2089E92A3E
- ASN identifier
- S2604674
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 25E9304E35A64210B2B6699B3420E52F
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US